New funding aroma is in the air for FTX US.
SoftBank Group Corp, Temasek Holdings, Paradigm, and Multicoin Capital spearheaded a $400 million investment round for FTX’s American affiliate on Wednesday. I know that’s a hell lot of funding but try to guess the amount of valuation FTX US has reached following this funding. No idea? Okay here you go, after this funding, FTX US sits at a valuation of $8 billion. I know right, jaw dropping, Phew!
According to FTX US president Brett Harrison, this development establishes their company as one of the largest crypto exchanges in the United States and sends a message to the rest of the world that they are rapidly expanding. The cash will be used to enhance the firm’s offerings as well as grow and extend its employees, according to Harrison.
After this funding FTX be like “Paisa hi Paisa hoga”.
That’s the reason for FTX US to cheer. It’s a wrap for this story. Have a productive day, reader.
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